Page last updated at 15:18 GMT, Tuesday, 25 August 2009 16:18 UK

Pirate Bay website back online

Hans Pandeya
Mr Pandeya says the acquisition of The Pirate Bay would still go ahead.

File-sharing website The Pirate Bay (TPB) is back online after its former internet service provider (ISP) was forced to take down the site.

Stockholm district court made the order on 21 August, saying ISP Black Internet would be fined 500,000 kronor (£43,000) if it did not comply.

The court order was the result of legal action brought against The Pirate Bay by the music and film industry.

However, TPB was back online within a few hours with a new carrier.

In a press release, parodying Winston Churchill's famous speech of 1940, the Pirate Bay team said they would keep the site running "for years if necessary".

"We shall fight on the beaches, we shall fight on the, we shall fight on the /. and on the digg, we shall fight in the courts; we shall never surrender," according to the release.

This is the latest twist in the long-running saga of The Pirate Bay and can only add to the uncertainty surrounding the purchase of the site by Swedish-based Global Gaming Factory (GGF).

Trading in GGF shares was suspended on Friday and there are reports that the firm's chairman - Magnus Bergman - has resigned.

GGF agreed to pay 60m kr (£4.7m) to take over TPB in June this year.

The Swedish stock market is investigating whether GGF has sufficient funds to complete the sale.

In an exclusive interview with BBC News, GGF's chief, Hans Pandeya, said that the acquisition of The Pirate Bay would go ahead on 27 August as planned.

"The Aktietorget - the Swedish stock market - said they wanted more information on investors, which we said we would release after the acquisition," he said.

"There are risks and possible lawsuits, and this makes people nervous.

"None [of the investors] wants to give out their details, otherwise the media will attack them," he added.

Mr Pandeya said he had no knowledge of Mr Bergman's resignation, as reported in the Swedish media, but he added that the company knew he was going to leave soon.

You are not supposed to buy an illegal site. This is out-of-the-box thinking
Hans Pandeya
Global Gaming Factory

"We are going to have a shareholder meeting to get a new board and we were doing that because Magnus was going to leave," he said.

"I have not had any information that he had already left and I met him on Friday and he didn't say anything."

Business model

The deal would see the new Pirate Bay host legal content, paying copyright holders for their work and paying file sharers for making their files available.

The company is also looking at harnessing the storage capacity and processing power of the file-sharing community, creating a powerful grid of peer-to-peer linked computers to share legitimate files.

Mr Pandeya said the unusual nature of The Pirate Bay did not sit comfortably with some Swedish bankers.

Hans Pandeya
Mr Pandeya says the acquisition of The Pirate Bay would still go ahead.

"You are not supposed to buy an illegal site," he said. "This is out-of-the-box thinking.

"Because it is unconventional it is viewed with uncertainty by Swedish culture, even if I don't view it that way.

"Because of that, they want details and 100% assurances, but in business that is not always something you can get," he said.

Mr Pandeya said that despite this he was hopeful the Aktietorget would let GGF resume trading.

"Why stop trading when, in three days, we will find out if [the acquisition] is real?" he asked.

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